AZPROMO, Chinese Trade Promotion Council sign MOU
The China Council for the Promotion of International Trade (CCPIT) and the Azerbaijan Export and Investment Promotion Fund (AZPROMO) signed a memorandum of understanding in Baku on Thursday.
The document was undersigned by AZPROMO head Rufat Mammadov and CCPIT Vice Chairman Chang Wei within the framework of the Azerbaijani-Chinese business forum held in Baku.
Deputy Minister of Economic Development Niyazi Safarov said there is a reliable legal framework for the development of relations between Azerbaijan and China, which includes more than 20 signed documents.
"The economy of both countries is developing dynamically ,which expands the potential of mutual trade relations," Safarov said.
According to him, 69 companies with the Chinese capital operate in Azerbaijan. They are mainly involved in trade, construction, agriculture and communications.
The business forum was attended by officials from both countries as well as representatives of companies representing the food industry, construction, production trucks, ICT, energy, logistics, processing and tourism.
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